Russian Central Bank cracks down on foreign forex brokers

Crypto miner Coinhive set to close its doors citing economic reasons

January 03, 2019 BY Valentina Kirilova

Russian Central Bank cracks down on foreign forex brokers – shuts 5 firms

Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…

October 22, 2018 BY LeapRate Staff

Regulated Russian Retail FX dealer Forex Club reports 1,000 clients

Moscow based Retail FX dealer Forex Club has announced that the number of Forex Club clients was over 1,000 in October 2018. Pavel Karyagin, CEO of the Russian regulated forex dealer stated: The rising number of clients shows we have chosen the right marketing strategy, while people have more trust to a licensed and regulated…

May 22, 2018 BY LeapRate Staff

Libertex extends sponsorship of Colombian attacking midfielder James Rodríguez

CySEC licensed online trading platform Libertex has announced that James Rodríguez, the attacking midfielder of the Colombian national team and Bayern Munich, will continue working as a brand ambassador for the company. Libertex is a trade and investment terminal, created by Russian Forex broker Forex Club. The company is licensed in Cyprus and the EU via CySEC…

January 03, 2017 BY Valentina Kirilova

Forex sports sponsorship: Colombia midfielder James Rodríguez signs as brand ambassador for FXClub’s Libertex platform

James Rodríguez, a Colombian soccer player, an offensive midfielder for the Colombia national soccer team, has become the brand ambassador for Libertex, a financial markets trading platform. Libertex is a trade and investment terminal, created by Russian Forex broker Forex Club. The image of James Rodriguez, one of the most successful and dynamic soccer players…

October 13, 2016 BY LeapRate Staff

Forex Club becomes fifth recipient of a Bank of Russia Forex license

LeapRate Exclusive... LeapRate has learned from Bank of Russia documents that retail forex broker Forex Club has become the fifth company to receive a license to operate in Russia with retail clients. Russia passed a Forex Law last year, requiring any broker soliciting or engaging in trading with retail clients to receive a license as…

June 27, 2016 BY LeapRate Staff

Belarus central bank grants FX company registration to Alpari

Retail forex broker Alpari has announced that it was added to the list of Registered Forex Brokers by The National Bank of Belarus, the country's central bank and financial regulator. Belarus is a fairly sizable country of about 10 million people, nestled between Poland, Russia and Ukraine. Alpari joins fellow Russian brokerage giant Forex Club as…

June 21, 2016 BY Mike Fox

Forex Club reduces leverage to 1:20 before Brexit vote

Only two days remain until the Brexit referendum and brokers are still maneuvering their risk controls before Thursday. Today we learned that brokerage Forex Club, whose Russian company, FOREX CLUB LLC, is a founding member of CRFIN issued a notice stating that the UK's EU referendum, may cause significant volatility and liquidity problems in the market that can…

April 20, 2016 BY Maria Nikolova

Belarus c-bank grants FX company registration to Forex Club

A follow-up to LeapRate's earlier report on Forex Club applying for a Forex company registration in Belarus... The broker has announced that, effective April 19, 2016, it is featured in the National Bank of the Republic of Belarus' register of FX companies. The company is amid the first to get such authorization. To make it to…

March 23, 2016 BY Maria Nikolova

Alpari, Forex Club, TeleTRADE dominate Russia's Forex market in 2015: Interfax Study

About 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015. The total size of deposits reached meager $0.5 billion. The amount of FX transactions fell 5% from 2014 levels, with the…

March 16, 2016 BY Maria Nikolova

Forex Club applies for Belarusian Forex registration

Forex Club, a retail Forex broker focusing on clientele in the Commonwealth of Independent States (CIS), on Tuesday filed an application for its inclusion in the Forex companies' register maintained by the National Bank of the Republic of Belarus. The regulator is set to review the application within 30 days. The Belarus Forex market has…

Tag: Forex Club